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EDS Announces European Commission Approval of Proposed Acquisition by HP and Settlement of...

PLANO, Texas, July 25 /PRNewswire-FirstCall/ -- EDS today announced that the European Commission has approved Hewlett-Packard Company's proposed acquisition of EDS without condition. This follows the previously announced expiration of the waiting period under the Hart-Scott-Rodino Antitrust Improvements Act of 1976 relating to the proposed acquisition without a request for further information by the U.S. Department of Justice or Federal Trade Commission. EDS also announced today that EDS, HP and the plaintiffs in the five stockholder lawsuits that were commenced following the execution of the definitive acquisition agreement have agreed to settle and dismiss all pending lawsuits concerning the proposed merger, subject to court approval. EDS has agreed to provide additional information to stockholders through publicly... [read full story]                    

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